Brokerages Set Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) PT at $16.80

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) has been assigned a consensus recommendation of “Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.80.

A number of brokerages have recently commented on HCMLY. Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a report on Monday, April 27th. DZ Bank upgraded Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. The Goldman Sachs Group raised Holcim from a “hold” rating to a “buy” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Holcim in a research note on Friday, July 3rd. Finally, BNP Paribas Exane raised shares of Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th.

Holcim Stock Up 0.4%

Shares of OTCMKTS HCMLY opened at $18.50 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.49. Holcim has a 1-year low of $15.14 and a 1-year high of $28.00. The company has a fifty day moving average price of $18.70 and a 200 day moving average price of $18.52.

About Holcim

Holcim is a global building materials and solutions company headquartered in Switzerland that produces and supplies cement, aggregates, ready-mix concrete, asphalt and a range of prefabricated and construction-related products and services. Its offerings are aimed at construction and infrastructure markets, serving contractors, developers, municipalities and industrial customers with materials for residential, commercial and civil engineering projects.

The company traces its modern form to the 2015 combination of Swiss cement maker Holcim and France’s Lafarge, which created one of the world’s largest building-materials groups; the combined enterprise later simplified its name to Holcim.